By SCOTT KIMBLER
Metropolitan Atlanta is the largest housing market in the Southeast and the city is leading the country in the trend of neighborhoods being built solely for the purpose of renting out single-family homes.
This trend appears to be new as corporate investing in real estate has grown exponentially in recent years, but it has roots dating back to the 2008 housing crisis, according to Assistant Professor Rohan Ganduri of Emory University’s Goizueta Business School.
“There were a lot of properties that were foreclosed upon,” Ganduri said. “That is when a large number of institutional investors stepped in and started to buy up a large number of single-family properties at very cheap prices. What they ended up doing…
By KIMBERLEY HAAS
Build-for-rent communities have been growing in popularity as the housing landscape changes in the United States.
According to leaders at the National Association of Home Builders, developers are exploring new ways to meet continued housing demand and single-family build-for-rent properties provide a stepping stone between renting and buying for young families, as well as a good downsizing option for aging adults. They say many of the people who choose to live in these neighborhoods are renters by choice.
The concept has been getting national attention as people want the flexibility of renting but the amenities that come with homeownership such as more privacy and backyards. It is estimated that hundreds of build-for-rent communities are coming to the…
Jim Fraser has joined Anchor Loans as Chief Operating Officer, the company announced in a press release.
Fraser brings three decades of experience to the position. He most recently served as SVP for Commercial Real Estate Lending Solutions at Built Technologies.
“Having known Jim for almost 20 years at multiple phases of his career, I’m confident that he will be an excellent addition to our leadership team, helping advance our customer and people-focused culture so we can deliver an exceptional customer and employee experience – the best path to market leadership,” said Rayman Mathoda, Anchor Loans’ CEO.
He has held senior positions at various lenders, including EVP of Commercial Lending at Axos Bank and SVP at Banc of California. He…
